FTX sold its holdings in #GBTC, and the value of the 22 million shares was close to 1 billion dollars. Theoretically, if FTX has now finished selling its significant assets, there will be no more selling pressure from this front.
ETFs are assets that facilitate investment and open the doors of traditional finance to #Bitcoin. Therefore, the claim that 'the...
Since the plunge to $38,505 on Monday, Bitcoin has been trending mainly sideways around the critical level of $40,000. Meanwhile, the number of Bitcoin addresses with balances exceeding 1,000 BTC ticked slightly higher; the same applies to the addresses with balances exceeding 100 BTC. On the daily chart, the RSI began to flatten around 35 points, Stochastic...
The current situation for Bitcoin is showing a rebound.
It's crucial to consider the possibility that if the price turns the Range Low.
Which is around $41,400 into a resistance point during this week's rebound.
It could initiate a breakdown process.
Confirming resistance at this level would strongly validate the breakdown scenario.
94,000 BTC options are about to expire with a Put Call Ratio of 0.51, a Maxpain point of $41,000 and a notional value of $3.75 billion.
932,000 ETH options are about to expire with a Put Call Ratio of 0.31, Maxpain point of $2,300 and notional value of $2.07 billion.
Cryptocurrencies are weaker this week, with the passage of the Bitcoin Spot ETF directly...
The price is expected to break through the resistance zone and climb up to the specified Fibonacci levels.
Otherwise, by crossing the support trend line, the continuation of the downward trend will be possible
expect more selling in BTC.
the 2024 collapse will also take BTC as well.
risk off for 2024 as interest rates will continue
to rise because money is still too loose.
for money to tighten interest rates need to be 10%
or higher... but governments still want to pump
this worldwide housing bubble (except china)
first target for BTC will be $30,000
and a dead cat...
Fibonacci says BTC is going to struggle.
61% says.. time for a pullback
the only hope for BTC is more cheap
money from the central bankers.
Real interest rates are still negative while
profilgate government spending is increasing.
the private sector is maxed out on debt
so the government will take over as the debt slave
to fund worthless projectors in schools.
I...
Update BTC 20/8
my previous buy order ran 300pip, back to rolling sl entry
btc next week is forecasted to have a big wave, it is forecasted that there will be a weekly candle sweeping down and then pulling the beard up with a very strong force. Set up 2 zones Buy limit and set stoploss.
BTC at Ichimoku
In the weekly frame, the price is about to end an upward wave, the expected time is May next year.
However, we are currently at the psychological threshold when approaching fibo and there are concave clouds attracting prices back, I predict that early next year there will be a strong sale of more than 20 thousand.
Then it increased strongly again,...
Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests it is currently doing a pullback starting from 1.11.2024. The decline is taking the form of a zigzag Elliott Wave structure. Down from 1.11.2024 high, wave A ended at 41339 and wave B rally ended at 43577.69 as the 1 hour chart below shows. Wave C lower is currently in progress as a 5 waves. Down from wave...
Heavy short selling, borrowing Bitcoin from HODL’rs who eventually capitulate. No helicopter money lets from retail side. High transaction fees discourage retail money. Blackrock makes immense profits from retail buyers until retail gives up hope then blackrock start buying again and paying for youtube millionaires sat by the pool to promote buying nothingness and...
Energy is on the bear side at the moment from momentum as well as from the volume.
The main confirmation indicator on 1W is heading toward 0 and other vital time frames (1D, 3D, and 4D) have already crossed zero, indicating a downward trend has *formed*.
As to how I set the targets for reentry for the long bull? - it is just a modern indicator.
Targets are...
Sharing this update from Jan 23rd with the community here
"Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now.
Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm.
The next support target is at ±36k (38.5k was hit), followed by ±34.3k
The main target is at...
In a groundbreaking development, Google is set to revolutionize the cryptocurrency advertising landscape by allowing Bitcoin ETF-related ads to hit screens from January 29, 2024. This move comes after Google's recent amendment to its advertisement policy in December 2023, aimed at providing clearer guidelines for promoting cryptocurrency Coin Trusts.
The initial...
Buy Bitcoin only when u see a closing above 40277 on hourly basis and higher high formation. Go short on bitcoin only when it closes below 39618 forming a lower low on hourly basis. Until either of these two things happen dont trade BITCOIN.
Buy Bitcoin: if the first condition is satisfied then the target for Bitcoin on buy side is 41533
Short Bitcoin: If the...
